Godwin Emefiele
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judiciary
Breaking…. Court remands Emefiele in EFCC custody for alleged abuse of office
The court remands former Central Bank Governor, Godwin Emefiele, in the custody of the Economic and Financial Crimes Commission for alleged abuse of office and $5.5 billion, or N2.8 billion, fraud. Details later. (NAN)
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Crime
EFCC Raids Dangote Industries Headquarters in Forex Allocation Probe
Lagos, Nigeria, January 5, 2024: Operatives of the Economic and Financial Crimes Commission (EFCC) executed a search operation on Thursday at the headquarters of Dangote Industries Limited in Ikoyi, Lagos. This move is part of the ongoing investigation into the alleged misuse of foreign exchange allocations during the tenure of the former Governor of the Central Bank of Nigeria (CBN),…
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Africa
Pan-African Payment System will enhance transactions in Africa — President Akufo-Addo
Ghana’s President, Nana Akufo-Addo, says the inauguration of the Pan-African Payment and Settlement System (PAPSS) will accelerate transactions in Africa. Akufo-Addo, represented by the Vice President Dr. Mahamudu Bawumia, spoke at the inauguration of PAPSS in Accra, Ghana, monitored virtually by the News Agency of Nigeria (NAN). According to him, the ground-breaking platform will save Africa more than five billion…
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Featured
Changing the narrative of barite use for economic development
The Federal Government has said that come 2022, the importation of Barite would be banned in order to promote Nigeria barites, to boost the economy, creating employment opportunities and saving 300 million dollars being spent annually on Barite importation. During the inauguration of barite on Oct. 28, in Rivers, it said that efforts had been concluded not only put…
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Agriculture
CBN, maize farmers inaugurate loan repayment, dry season cultivation in Gombe
The Central Bank of Nigeria (CBN) and the Maize Association of Nigeria (MAAN) have begun a collaboration to aggregate maize under the Anchor Borrowers Programme (ABP) of the federal government for the 2021 wet season. The News Agency of Nigeria (NAN) reports that the maize farmers also inaugurated the 2021/2022 dry season farming in Dadin-Kowa community of Yamaltu/Deba Local Government…
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NEWS
CBN Plans To Downsize Nigerian Imports By 35%
The Central Bank of Nigeria (CBN) has disclosed plans to reduce the country’s import bill by about 35 percent. The CBN Governor, Godwin Emefiele, made this known on Tuesday, while receiving a delegation from the Central Bank of The Gambia (CBG), led by its Governor, Buah Saidy. According to Emefiele, Nigeria currently has the potential to export and earn foreign…
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